When people think of the word "investing," images of Wall Street, stocks and rental properties may come to mind. But, what about real estate notes? While mortgage notes might not be the first thing you think of, there are plenty of reasons to invest in real estate notes including passive income, low up-keep, and versatility. But first, let's start with the basics. What is a Real Estate Note? At its core, a real estate note [...]
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Are you looking at purchasing real estate notes in Michigan? First off, welcome to the club! There are some wonderful advantages to investing in notes. As with any investment, doing your homework can save you big down the road. Not only will it help minimize risk, but it also leads to more profitable note purchases. It's all about understanding what type of note you're in the market for, understanding Michigan's Real Estate laws and performing [...]
Before the Internet, word-of-mouth and a good reputation were the only two things that mattered. That's how you found the best restaurants and businesses and how new professional relationships were born. Well, that referral-based mindset is still very much present and essential in the world of private mortgage notes and note investing. Referral marketing is all about relationships, and these partnerships take time and care to develop. How to Build Relationships in Note Investing The [...]
No one enjoys being sick. It's not fun and life just becomes harder. The same goes for an unhealthy real estate note. Luckily, your real estate note isn't susceptible to colds or flu. In fact, keeping your seller-financed note in good health is mostly within your power. So, here are a few tips to… Keeping Your Real Estate Note Healthy While it's important to set-up a note for success from the very start with a [...]
Over the years, you’ve probably heard about real estate investing and the elusive real estate mogul. While investing in hard real estate has significant advantages and money-making opportunities, so does investing in real estate notes. So, what’s the different between the two? And is there an advantage of one over the other? What Are Real Estate Notes? When a buyer purchases a home, traditionally they go to a bank to obtain a home loan. The [...]
As the calendar changes to another year, the dates may change, but the cycle of the real estate market always seems the same. The ebb and flow of housing sales seems to go from abundance mode to scarcity mode. The same is true for the availability of traditional bank loans as well as seller carry-back notes. Seller financing is always a solid strategy and, some years, due to economic conditions, is an essential tool for [...]
So, you want to start investing in notes? Great! Investing in notes can open up the door to passive income with minimal monthly maintenance — if done correctly. But, note investing should not be taken lightly. To set yourself up for success, you need to do your homework. Luckily, you can learn from those that came before you. Here are a few note investing tips that can save you a lot of time (and hassle). [...]
In today’s age, myths run wild. Bigfoot is real. Aliens are living among us. The Earth is flat. Because of this, you may have heard seller financed homes only benefit those that cannot purchase a home using traditional bank loans. But, the truth is owner financing can be for everyone — including the seller. Is seller financing right for you? Why Offer Seller Financing? Why Accept a Seller-Financed Deal? When a seller accepts monthly payments [...]
Not all mortgage notes are created equal. With so many different factors going into the value of seller-financed mortgage notes, it's no wonder some are worth more than others. One of the most significant value indicators? Note performance. Payment Histories Indicate Note Performance By now, you know that payment histories (especially verifiable payments) significantly increase the value of a mortgage note. In addition to you receiving monthly income, it also gives your buyer - and the [...]
Seller financing is often misunderstood. Not because it’s a complicated process or because it’s impractical, but because it’s little talked about and not well known. Unfortunately, these seller financing myths (or lack of information) are stopping homeowners and homebuyers from using private mortgage notes as an alternative to traditional bank loans. Cutting the bank from the deal means the seller takes on the role of the lender. Rightfully so, this can be scary — both [...]